Deutsche Bank Increases Carnival Price Target to GBX 2,830 (CCL)
Deutsche Bank raised their target price on shares of Carnival (LON:CCL) from GBX 2,640 ($43.31) to GBX 2,830 ($46.43) in a research note issued on Tuesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 11.99% from the company’s current price.
Shares of Carnival (LON:CCL) traded up 0.47% on Tuesday, hitting GBX 2549.00. The stock had a trading volume of 1,031,694 shares. Carnival has a 52 week low of GBX 2017.00 and a 52 week high of GBX 2623.00. The stock’s 50-day moving average is GBX 2514. and its 200-day moving average is GBX 2347.. The company’s market cap is £19.780 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC upgraded shares of Carnival from a “neutral” rating to an “overweight” rating in a research note on Thursday, February 6th. They now have a GBX 43.50 ($0.71) price target on the stock, up previously from GBX 33 ($0.54). Separately, analysts at Numis Securities Ltd upgraded shares of Carnival to a “buy” rating in a research note on Tuesday, January 28th. They now have a GBX 3,000 ($49.22) price target on the stock, up previously from GBX 2,250 ($36.92). Finally, analysts at Investec reiterated a “buy” rating on shares of Carnival in a research note on Tuesday, January 28th. They now have a GBX 2,700 ($44.30) price target on the stock. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,028.96 ($33.29).
Carnival plc is a cruise company. The Company’s cruise brand operates in two segments: North America and Europe, Australia & Asia (LON:CCL).
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